From Bazaar to Bullion: Gold & Silver Prices Across India’s Top Cities Today |

Updated: January 04, 2026 22:20

Image Source: WOWNEWS24X7

On January 4, 2026, gold prices in India averaged ₹1.36 lakh per 10 grams, while silver hovered near ₹2.42 lakh per kilogram. Rates varied across Delhi, Mumbai, Chennai, and Kolkata, driven by global demand, rupee weakness, and festive buying. Analysts expect continued volatility but see strong investment appeal in precious metals.

Precious metals continued their upward trajectory in India on January 4, 2026, as both gold and silver prices surged across major cities, reflecting strong international demand and a weakening rupee against the US dollar. The sustained rise has sparked discussions among investors and jewellery buyers about whether this is the right time to purchase.

Key highlights from today’s bullion market:

National average prices:

Gold (24-carat): Around ₹1,36,210 per 10 grams.
Silver: Approximately ₹2,42,100 per kilogram.

City-wise gold rates (24-carat per 10 grams):

Delhi: ₹1,35,970
Mumbai: ₹1,36,050
Chennai: ₹1,36,300
Kolkata: ₹1,36,100

City-wise silver rates (per kilogram):

Delhi: ₹2,41,000
Mumbai: ₹2,42,050
Chennai: ₹2,42,300
Kolkata: ₹2,42,100

Market drivers:

Global demand: Rising interest in gold as a safe-haven asset amid global economic uncertainties.
Currency impact: The rupee’s weakness against the US dollar has made imports costlier, pushing domestic prices higher.
Seasonal demand: The ongoing wedding and festive season continues to fuel retail jewellery purchases, despite elevated prices.
Historical context: In 2025, gold prices surged by 73.45%, while silver registered an astonishing 164% increase, underscoring the volatility and investment appeal of precious metals. Analysts anticipate further upward momentum in 2026, though caution that corrections may occur depending on global monetary policies.
Investor perspective: Experts advise that while gold remains a long-term hedge against inflation, silver’s sharp rise makes it attractive for speculative gains. However, both metals are currently trading at multi-year highs, prompting caution for short-term buyers.

The steady climb in bullion prices highlights India’s dual role as both a major consumer of jewellery and a key player in global bullion markets. For households, the rising costs pose challenges during weddings and festivals, while for investors, the trend reinforces gold and silver’s reputation as reliable stores of value.

Sources: International News and Views, Subkuz, One News Page

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